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U.S. President Donald Trump delivered a speech at the Davos World Economic Forum Annual Conference on January 23, 2025.
Fabris Corfini | Agence France -Presse | Getty Picture Club
This report comes from today’s CNBC Open, which is our international market current affairs communication. The CNBC Daily Open allows investors to understand everything they need to understand no matter where they are. Do you like what you see? You can subscribe to hereEssence
What do you need to know today
Trump Dalgos speech
US President Donald Trump delivered a speech World Economic Forum It was held in Davos, Switzerland almost Thursday. Trump said in his speech that he will “”Require interest rates to drop immediately “” Saudi Arabia and OPEC “Reduce oil cost” The trade relationship between the European Union and the United States Very unfair.
Standard & Poor’s closing price hit a record high
this S & P 500 Index The closing innovation on Thursday Because investors like to have news about interest rate cuts from Trump. All major benchmark indexes in the United States have risen for four consecutive days. European regional Stock 600 Index Add 0.44%Essence American lion After reaching the annual profit expectations of 2024 and announced the cost reduction plan on Wednesday, the company’s stock price fell by about 23%.
The cryptocurrency command signed by Trump
After Trump signed an agreement on Thursday, cryptocurrency advocate was promoted again. Administrative order to promote the progress of cryptocurrencies In the United States, most of the commands focus on establishing technology and rules around cryptocurrencies. One of the keys is to set up a working group to consider national digital asset inventory.
Boeing expects huge losses
Boeing Said on Thursday, it is likely Losses in the fourth quarter of about $ 4 billionOr lose $ 5.46 per share. The income may be $ 15.2 billion, which is lower than the expectations of LSEG. Boeing has not announced the New Year profits since 2018. This aircraft manufacturer started with 2024 Air accident End with one Serious labor strike and Lay offEssence
(Pro) Will it soon return to Apple?
Apple The stock price will fall for the fourth consecutive week, and it has fallen nearly 11%so far in January, and stocks that are more directly related to artificial intelligence, such as Nivine and OracleHave rebounded. But it is still in the early stages of artificial intelligence. This is why investors can Back to Apple I wrote one article in the middle of the year Golden Analyst.
Bottom line
The market should be based on digits: past performance, profit forecast, and equity return. But as Trump shows the virtual speech on the World Economic Forum on Thursday, words also have strong power in promoting the market.
Price American crude oil And the global benchmark Brent Trump said he would “require Saudi Arabia and OPEC to reduce oil costs.”
After Trump said that after he would “raise interest rates immediately”, the two -year Treasury bond yields that often tracked short -term interest rates fell slightly, while the stock market rose.
In fact, S & P 500 Index Rose by 0.53%to close the record high at 6,118.71 points. The previous historical closing high was 6,090.27 points in early December. this Dow Jones Industrial Average Index Rise 0.92% Nasdaq Comprehensive IndexE rose 0.22%. This is the fourth consecutive trading day of all three indexes.
But unlike numbers, the number is real (in any case, most of the time), the text may be repeated.
“Trump’s speech in Davos contains some of the active remarks on the surface (he called on OPEC to reduce oil prices, ask the central bank to reduce interest rates, and reiterate the tax reduction and supervision of the previous commitment) Within control, “Adam Vital Knowledge founder Crisafulli said in a report.
This does not mean that Trump will not fulfill his statement. However, it is unwise to rely on comments without specific actions.
On the other hand, there are policy components behind some remarks, and investors should take it seriously.
The Fed will hold a meeting next week. Although the possibility of cutting interest rates at that time is close to zero, according to The Federal Reserve Observation Tools of Zhishang InstituteMain Street Research chief investor James Demmert said the chairman Jerome Powell said at the press conference that “may lead to market fluctuations.”
Therefore, for investors, learning and listening may be as important as interpreting numbers.
—CNBC’s Alex Harring and Jesse Pound contributed to this report.
